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1042 Lehigh Street, Allentown City, PA 18103

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For Sale

$310,000

3 beds • 2 baths • 1,264 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $245.25
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Two-unit income property in South Allentown offering multiple revenue streams and strong return potential. Projected gross annual income of $31,800 from two residential units and two rented garage bays. First-floor one-bedroom, one-bath unit with in-unit laundry is currently vacant, giving flexibility for an owner-occupant or immediate tenant placement at market rent. Second-floor one-bedroom, one-bath unit is tenant-occupied. Based on projected market rents, investors could see cap rates in the 7%-9% range and cash-on-cash returns approaching 7% with standard financing. Located minutes from Route 78, major roadways, shopping, and dining.
MLS# 762710

Courtesy Of Real Estate of America

(610) 351-7900

Property Features

  • Age
    Over 50 Years Old
  • Exterior Type
    Brick
  • Floor Covering
    Carpet
  • Lot Size
    0.08 Acres

Map and Directions

Directions to 1042 Lehigh Street, Allentown City, PA 18103

Home seller CENTURY 21 Ramos Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Ramos Realty

(484) 664-2340
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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